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Blockchain, the public or private ledger that is responsible for storing information about every Bitcoin transaction and maintaining smart contracts, today has come up as one of the most influential research topics in the banking and financial sector.
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Blockchain Solutions for Banking and Finance Industry
Blockchain, the public or private ledger that is responsible for storing information about every Bitcoin transaction and maintaining smart contracts, today has come up as one of the most influential research topics in the banking and financial sector.
Blockchain, the public or private ledger that is responsible for storing information about every Bitcoin transaction and maintaining smart contracts, today has come up as one of the most influential research topics in the banking and financial sector.
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Blockchain Solution for Banking
and Finance Industry Blockchain As a Solution for Banking and Finance Industry
Overview:
Surpassing the Bitcoin trend the blockchain technology is set to revolutionize
the financial services with its deeply researched perks like the increase in efficiency, promotion of secure and transparent transactions, integration of innovated automation to speed up business processes, decentralization, tamper-protection, and non-repudiable, etc.
Blockchain, the public or private ledger that is responsible for storing
information about every Bitcoin transaction and maintaining smart contracts, today has come up as one of the most influential research topics in the banking and financial sector. Blockchain As a Solution for Banking and Finance Industry
Statistics:
There were reported investments of almost half a billion dollars in 2015 by
Venture Capital (VC) firms in the field. In addition to it, there was an investment of about US $75 million in 2015 by financial institutions in the blockchain technology field and the investment amount is expected to grow about five times this value in 2019. BBVA and USAA Bank have reportedly made investments worth millions of dollars in Coinbase and Circle that are influential Bitcoin service providers to carry fruitful researches upon the blockchain applications. Blockchain As a Solution for Banking and Finance Industry
What is Blockchain Technology?
According to Melanie Swan, Founder of Institute for Blockchain Studies,
Blockchain technology should be thought of as a comprehensive information technology with tiered technical levels and multiple classes of applications for any form of asset registry, inventory, economics, and money; hard assets (physical property); and intangible assets (votes, ideas, reputation, intention, health data, information, etc.). Understanding Blockchain in a more literal way-
A blockchain can be defined as a secured yet public distributed database that
is formed by a continuously growing list of blocks that allow peer-to-peer exchange of information over the database itself in a secured (Tamper-proof), and non-repudiable way.
Key Benefits of Blockchain Technology For The Financial Sector:
High Security Data Integrity and Consensus
Increased Efficiency of Registry Process Non-repudiability with Effective Tracking
Decentralized Control High Extensibility
Enhanced Privacy Cost-effective Registry Process
Benefits of Blockchain Technology Financial Businesses Using Blockchain Technology Anatomy of A Typical Blockchain Transaction What Endive Software Can Offer You
Blockchain Applications and Solution Development
Blockchain Middleware and Services
Payment Solution Development Bitcoin Wallets
Infrastructure and Base Protocols - Etherium/Hyperledger
Industries We Offer Blockchain Solutions For
Financial Services/Fintech eHR and Healthcare Legal and Compliance
Education Supply Chain Enterprise Blockchain
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